Target Co. (NYSE:TGT) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC trimmed its stake in shares of Target Co. (NYSE:TGT) by 0.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,483 shares of the retailer’s stock after selling 291 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Target were worth $10,518,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TGT. Triad Wealth Partners LLC purchased a new position in shares of Target in the second quarter valued at $25,000. Washington Trust Advisors Inc. increased its position in Target by 56.1% during the first quarter. Washington Trust Advisors Inc. now owns 178 shares of the retailer’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Slocum Gordon & Co LLP purchased a new position in shares of Target in the 2nd quarter worth $28,000. Retirement Group LLC boosted its position in Target by 85.0% during the 1st quarter. Retirement Group LLC now owns 198 shares of the retailer’s stock worth $35,000 after purchasing an additional 91 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in Target during the 2nd quarter worth $31,000. Institutional investors and hedge funds own 79.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TGT shares. UBS Group increased their price objective on shares of Target from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Daiwa America upgraded shares of Target to a “strong-buy” rating in a report on Monday, August 26th. JPMorgan Chase & Co. increased their price target on Target from $153.00 to $167.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Stifel Nicolaus lifted their price objective on shares of Target from $147.00 to $165.00 and gave the stock a “hold” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Target in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Target has a consensus rating of “Moderate Buy” and an average price target of $179.47.

Target Stock Down 0.2 %

TGT stock traded down $0.34 during midday trading on Wednesday, hitting $148.85. The company’s stock had a trading volume of 1,432,985 shares, compared to its average volume of 3,941,446. Target Co. has a twelve month low of $105.23 and a twelve month high of $181.86. The stock has a market capitalization of $68.86 billion, a P/E ratio of 16.74, a PEG ratio of 1.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.27. The company’s fifty day moving average price is $152.82 and its 200 day moving average price is $152.26.

Target (NYSE:TGT) last posted its quarterly earnings results on Wednesday, August 21st. The retailer reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.39. The firm had revenue of $25.02 billion for the quarter, compared to analyst estimates of $25.19 billion. Target had a return on equity of 33.10% and a net margin of 4.18%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. As a group, equities research analysts predict that Target Co. will post 9.53 EPS for the current year.

Target Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Wednesday, November 20th will be given a $1.12 dividend. This represents a $4.48 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, November 20th. Target’s dividend payout ratio (DPR) is presently 50.28%.

Insider Transactions at Target

In other news, insider Brian C. Cornell sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $158.67, for a total value of $7,140,150.00. Following the completion of the sale, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Target news, insider Brian C. Cornell sold 45,000 shares of Target stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $158.67, for a total transaction of $7,140,150.00. Following the completion of the transaction, the insider now directly owns 303,843 shares of the company’s stock, valued at $48,210,768.81. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Matthew A. Liegel sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $153.13, for a total transaction of $153,130.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,276 shares in the company, valued at $1,114,173.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,348 shares of company stock worth $8,290,995 in the last ninety days. Insiders own 0.23% of the company’s stock.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.